BAE Systems

Data Analyst – Insurance

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Job Title\: Data Analyst -Insurance

Job Location\: Frimley, Surrey- Hybrid - 1 to 2 days in the office (Team get together on a Tues and Wed) .We offer a range of hybrid and flexible working arrangements - please speak to your recruiter about the options for this particular role.

Referral Scheme Bonus\: £1,000

Grade\: GG11

You’re expected to have completed 12 months in role prior to applying for an advertised vacancy and you should also discuss the internal opportunity with your line manager to ensure sustained business continuity and to further support your career development.

We know there may be exceptional individual circumstances that impact this, in the first instance please discuss this with your line manager.

If you don’t feel you can talk to your Line Manager, you can contact your HRBP.

PLEASE NOTE Should you be invited for interview; you acknowledge that the Recruitment team will contact you and your line manager regarding your application for this opportunity.

Role Description\:

In this role, you will support the end-to-end data collection, validation and reporting process, using the risk management system, to support the purchase of group insurance programmes. This role is the key conduit between our risk management system service provider and the Group Insurable Risk team. Ensuring data accuracy, system integrity, and supporting maintenance of the risk management system.

A key focus of the role is analysing and validating all data inputs and outputs, including creating, maintaining, and verifying reports for insurers, senior management and business stakeholders.

Core Duties\:

  • Subject matter expert for the risk management system, provide guidance and support to Group Insurable Risk, business data collectors, and third‑party service providers
  • Responsible for analysing company exposure data, claims and premiums to identify themes and variances and presented
  • Responsible for developing and delivering dashboards, reports and automated reporting solutions to support business teams
  • Support the development and upkeep of insurance premium allocation models, analysing key drivers and running “what‑if” scenarios for budgeting
  • Ensure data accuracy and integrity in risk management systems
  • Provide support and guidance to Group Insurable Risk colleagues, data collectors across the business and third-party service providers
  • Work closely with the risk management system service provider to ensure the platform is supported, maintained, and continuously improved

Essential Skills\:

  • Experience managing risk management information systems for insurance policy management and data collection (desirable)
  • Pro-active mindset and strong drive for continuous improvement
  • Well-developed reporting capability using tools like PowerBI
  • Proven analytical skills and expert in Microsoft Excel with ability to manipulate data with pivot tables and VLOOKUP’s
  • Well-developed analytical skills e.g. comparing, contrasting and combining different sets of data
  • GCSE Math's and English (minimum C or 5)
  • Grounding in general insurance principles (desirable)

The Group Insurable Risk team\:

The role sits within Group Insurable Risk within Finance under Head Office. The candidate will be working within a team of 3 reporting into the Head of Business Support, wider team of 16. Group Insurable Risk (GIR) has a global accountability for insurance purchase for BAE Systems. GIR is resourced to be the global subject matter expert supplemented by specialist skills of external insurance brokers and consultants.

This role is an integral part of the GIR business support team, supporting the management and maintenance of the departments risk management systems used to capture and report on claims, insurance policies, premiums, and exposure information about the company for placing insurance. The risk system has over 50 users in the business, external service providers and GIR team.

Why BAE Systems?

Here you’ll build a career with purpose and limitless possibilities. With lifelong learning and meaningful work - this is a place where you can grow your career with confidence and be empowered to be your best. You’ll be recognised for your contribution and enjoy rewards tailored to what’s most important to you and your family - support for your financial and personal wellbeing, as well as a balanced lifestyle. In an environment embracing sustainable ways of working and with a strong sense of shared purpose, our supportive culture is a place you can feel you belong and proud of the difference you make.

We welcome applications from all suitably qualified people, who are BAE Systems employees and have been in their current role for 12 months or longer.

A place where everyone can thrive\:

We’re committed to building an inclusive workplace where everyone feels valued and supported. We know that a diversity of backgrounds, perspectives and experiences strengthens our teams and is vital to the work we do.

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.